Tag: vehicle affordability
New vehicle affordability continues to rise in August
As new vehicle affordability increased again in August, extending the monthly trend of moderate improvement throughout the year, income and vehicle market fundamentals continued...
Where does the used car market stand?
There is no doubt the auto industry as a whole has been drastically shaken up since the beginning of the pandemic, and this includes...
US auto sales improved in September, Toyota, Honda, Nissan slide in...
September's auto sales performance has come with both good and bad news for the automotive industry. The good news is that September performed better...
How declining new vehicle affordability is rattling consumer budgets
Vehicle affordability has become a massive obstacle that car buyers must overcome. The problem has loomed large and shows no signs of slowing up...
Average new car loan reaches record high of $40,290 in the...
The auto industry regularly encounters market reports filled with optimistic projections and doom-and-gloom forecasts, with the latter getting more attention these days. But the...
How automakers are restructuring for the current pricing environment — Kevin...
We’re in the heart of earnings season, so today on Inside Automotive, we’re joined once again by Kevin Tynan, Bloomberg Intelligence’s Senior Automotive Analyst,...
New vehicle affordability hits all-time low in June, monthly payments spike...
New vehicle affordability hit a record low as the average monthly payment for new cars increased to $730, according to new data from Cox Automotive. Labor and...
Florida dealer AJ Hiers on the future of the franchise dealership...
Is the franchised dealer structure coming under attack? Today on Inside Automotive, we’re pleased to welcome AJ Hiers, President of Boniface Hiers Automotive Group...
Barriers to EV ownership give Pa. dealer Andy Wright pause for...
Despite the acceleration of digital retailing, research suggests that many customers across the nation still enjoy walking into car dealerships. On today’s show, we’re...
July vehicle prices hit all-time high while incentives vaporize
The average transaction prices for new vehicles are pushing vehicle purchases into unaffordable territory for shoppers – at least, for those who can find...